Stellantis Profits Tank By A Staggering 70% In 2024

 

The corporate owner of the brands, Stellantis — the third biggest automaker in the US — said it cannot sell cars quick enough, with one model sitting on lots for over a year before selling on average.

 

Steep prices for several models are putting off buyers. The Jeep Wagoneer, for example, starts at $59,000 and top models reach upwards of $114,000.